South Africa Micro Led Market Size & Outlook, 2023-2030
South Africa micro led market, 2018-2030 (US$M)
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South Africa micro led market highlights
- The South Africa micro led market generated a revenue of USD 1.7 million in 2023 and is expected to reach USD 79.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 72.9% from 2024 to 2030.
- In terms of segment, display was the largest revenue generating application in 2023.
- Display is the most lucrative application segment registering the fastest growth during the forecast period.
Micro led market data book summary
| Market revenue in 2023 | USD 1.7 million |
| Market revenue in 2030 | USD 79.8 million |
| Growth rate | 72.9% (CAGR from 2023 to 2030) |
| Largest segment | Display |
| Fastest growing segment | Display |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Display, Lighting |
| Key market players worldwide | AUO Corp ADR, Electrolux AB ADR, Kyocera Corp, LG Electronics Inc ADR, Samsung Electronics Co Ltd, Sony Group Corp, Ams-OSRAM AG, Cree LED, Innolux, Leyard, Unilumin Group, Cincoze, Cooledge Lighting, Europa Science, VueReal |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.3% of the global micro led market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE micro led market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 136.0 million by 2030.
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Micro LED Market Scope
Micro LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa micro led market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to micro led market will help companies and investors design strategic landscapes.
Display was the largest segment with a revenue share of 82.35% in 2023. Horizon Databook has segmented the South Africa micro led market based on display, lighting covering the revenue growth of each sub-segment from 2018 to 2030.
With advancements in picture and sound quality, customizable accessories, more screen size options, and an upgraded interface, the use of micro LED displays is gaining traction in South Africa. Companies operating in the country are introducing new products in the market.
For instance, in April 2023, Samsung Electronics CO., Ltd, a consumer electronics products provider, launched its ultra-premium micro LED TVs in South Africa in screen sizes from 76” up to 126” and prices ranging from ZAR1.4 million (USD 0.07 million) up to ZAR3 million (USD 0.16 million).
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Our clientele includes a mix of micro led market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa micro led market , including forecasts for subscribers. This country databook contains high-level insights into South Africa micro led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa micro led market size, by application, 2018-2030 (US$M)
South Africa Micro LED Market Outlook Share, 2023 & 2030 (US$M)
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